Investors have led a pick up in Australian home loan approvals as they continue to take advantage of low interest rates and solid house price growth.

The number of home loan approvals rose 1.6 per cent in March, beating economists’ expectations of a one per cent rise, official figures showed.  Total approvals hit a seasonally adjusted 54,686 in the month, up from 53,811 approvals in February. The data was boosted by a surge in investor housing…